OCTOBER 12, 2023 — THURSDAY AM
The ES, NQ, and YM have each seen early selling pressure after the release of CPI data this morning. The early rejections at yHI could open up a bearish outside day early in the session. Bulls will want to defend into weakness, given the recent strength of the short term trend. Crude Oil has seen a solid fade after trend day move back to yMID, but bears want to keep 84.80 offered for another round of weakness ahead. Gold minted a new key range.
Cheers!
Frank Ochoa
Author, Secrets of a Pivot Boss
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